Eye On Housing
The most recent data release from the Bureau of Economic Analysis shows that personal consumption expenditures increased 0.4% in November after a 0.8% gain in October. It is the ninth consecutive increase since March 2018. Adjusted for inflation, real personal spending was up by 0.3%. On a year-over-year comparison, real personal spending increased 2.8% in November. Personal income climbed 0.2%… Read More ›
Personal income climbed 0.3% in August after increasing by the same margin in July, according to the most recent data release from the Bureau of Economic Analysis (BEA). Wages and Salaries, the biggest component of personal income, registered an increase of 0.5%. Personal consumption expenditures edged up by 0.3% in August. Adjusted for inflation, real personal spending edged up 0.2%… Read More ›
The most recent data release from the Bureau of Economic Analysis (BEA) showed that Personal income climbed 0.4% in May after a 0.2% increase in the prior month. Gains in personal income are largely driven by increases in wages and salaries, 0.3% higher than in April. Real disposable income, income remaining after being adjusted for taxes and inflation, was up… Read More ›
The most recent data release from the Bureau of Economic Analysis (BEA) showed that Personal income climbed 0.3% in March after increasing by the same margin in prior month. Gains in personal income are largely driven by increases in wages and salaries. This is in line with the report by the National Compensation Survey that wages and salaries for civilian… Read More ›
According to the most recent data release from the Bureau of Economic Analysis, savings increased to $497 billion in February, the highest level since August 2017. The U.S. saving rate rose to 3.4% from 3.2% in January. It was the second consecutive increase after a relatively low 2.5% in December last year. As shown in the graph below, the savings… Read More ›
The most recent data release from the Bureau of Economic Analysis shows that personal consumption expenditures increased 0.6% in November following a downwardly revised increase of 0.2% in October. Adjusted to remove the price change, real personal spending was up by 0.4% after being virtually unchanged in October. This increase is mostly due to a higher spending on nondurable goods…. Read More ›
Personal income climbed 0.4% in October, according to the most recent data release from the Bureau of Economic Analysis. Gains in personal income are largely driven by increases in wages and salaries and personal interest income. Personal consumption expenditures increased by 0.3% in October, compared to nearly 0.9% jump reported in September. Real spending, adjusted to remove inflation, inched up… Read More ›
Personal consumption expenditures rose 1% in September, according to the most recent data release from the Bureau of Economic Analysis. The strong gains were mainly due to higher spending on new motor vehicles and household utilities in September. Adjusted for inflation, personal spending was up by 0.6%, after a 0.1% decline in August. Personal income climbed 0.4% in September, largely… Read More ›
Personal income climbed 0.2% in August after the downwardly revised 0.3% growth in July, according to the most recent data release from the Bureau of Economic Analysis. Wages and Salaries, the biggest share of personal income, registered a slight increase of 0.04% after strong gains in June and July. Personal consumption expenditures edged up by 0.1% in August. Adjusted for… Read More ›
Personal income increased 0.4% in July after showing virtually no change in the previous month, according to the most recent data release from the Bureau of Economic Analysis (BEA). This is the fastest growth since February 2017, as the wages and salaries maintained solid growth of 0.5% in July. Personal consumption expenditure rose by 0.3%, following upwardly revised 0.2% growth… Read More ›